baryz1, yes, the subject has been beaten to death here and the general agreement is that it is no threat.
Members of this board don't represent 2% of the shares out.
Keep in mind that the drop from nearly a buck to this level happened during a period where the volume of shares traded never exceded a few tenths of a percent of shares out.
It is my opinion that this stock is held tightly and the extreme fluctuations are due to the < 10K shares crowd freaking out or seeing the light on any given day.
If there was a serious threat to the future of ERHE do you really think Offors 300M shares wouldn't be in play? Volume would be millions per day depending on how the investigation went and his panic level. It's non-existent.
We have seen only lighter volume since the warrant was executed. Shareholders aren't selling and fence-sitters are waiting. It's pretty simple.
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.